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Tether Mints 2 Billion USDT on Ethereum in Three Days, Adding Fresh Supply to the Stablecoin Market

Tether minted 2 billion USDT on the Ethereum network over three days, executing the issuance across multiple onchain batches from its treasury address. The minting adds to a supply base…

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Greek Firm Warns of Bitcoin Fraud as Vessels Face Military Fire in the Strait of Hormuz

The Greek maritime risk management firm MARISKS has issued an urgent warning regarding a cryptocurrency scam targeting shipping companies stranded in the Strait of Hormuz. Key Takeaways: MARISKS reports unknown…

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KAIO Secures $8M From Tether and Systemic Ventures to Build Onchain Asset Distribution in UAE

Tether, the issuer of the world’s largest stablecoin USDT, led an $8 million strategic institutional funding round for KAIO, an Abu Dhabi-regulated tokenization firm building onchain infrastructure for real-world assets.…

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Tether Steps In With $150M Support Plan After Drift Protocol Loses $285M in Exploit

Tether announced a recovery plan of up to $150 million to help Drift Protocol users recoup losses from an April 1 exploit that drained approximately $285 million from the Solana-based…

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Tether Launches Consumer Wallet App With Human-Readable Addresses and No Gas Tokens

The world’s largest stablecoin issuer, Tether, launched tether.wallet on Tuesday, giving hundreds of millions of users direct access to a self-custodial digital wallet built on the company’s existing global financial…

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Stablecoin Market Cap Hits All-Time High of $318.6B, Eyes $320 Billion Milestone

The stablecoin sector added to its upward trajectory this week, with inflows reaching $1.367 billion since April 4. At present, the fiat-pegged token economy sits at an all-time high of…

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US Attorney Connecticut Forfeits $600,000 in Tether Linked to Ledger Phishing Letter

Federal prosecutors in Connecticut recovered more than $600,000 in tether ( USDT) after tracing stolen cryptocurrency from a phishing scam that used a physical letter to deceive a hardware wallet…

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Stablecoin Market Drops $1.04B This Week as USDC Leads Outflows While USDT Holds 58% Dominance

The latest figures from defillama.com show the fiat-pegged token economy pulled back over the past week, shedding $1.04 billion since March 21. Seven of the top ten stablecoins posted net…

Continue ReadingStablecoin Market Drops $1.04B This Week as USDC Leads Outflows While USDT Holds 58% Dominance